Via Varejo stake sale to be postponed - report (translated)
The sale of Companhia Brasileira de Distribuicao (CBD) [BVMF:PCAR4] 44% stake in Via Varejo will be postponed, O Estado de Sao Paulo reported, without citing sources.
CBD, and its parent Casino Guichard Perrachon, still continue with the plan to sell the stake, but they will wait for better times for it, the Portuguese-language article noted.
In regard to the interest of the Klein family to acquire the stake, the article said that they will have to offer more for it. The Klein family holds a 27.3% stake in the target, as reported.
The Klein family has not reached any agreement yet to present a joint bid with Brazilian bank Bradesco, the item noted.